What’s in it for real estate agents?
TransferMortgage™ IQ products (Leads and Scorecards) are valuable tools for real estate agents… Here’s why:
Leads identify properties with valuable assumable FHA or VA mortgages. Agents use Leads to identify properties (both on and off market) with assumable mortgages which they can use to help seller understand the additional value of their assumable mortgage.
Scorecards quantify the value of these mortgages. Agents use ScoreCards to determine the value of assumable mortgage associated with a given property.
In the US there are over 7 million homes with existing FHA or VA mortgages. By law, buyers can assume these mortgages. This essentially means that the buyer takes over the mortgage from the seller. The buyer gets the benefits of the existing mortgage’s lower monthly payments, huge interest cost savings and much faster equity build as compared to taking a new conventional mortgage.
The reduction in monthly payments means that a buyer can afford homes they may not be able to afford with a conventional mortgage. TransferMortgage™ makes home ownership affordable for working American families!
Agents now have a source to both identify properties with valuable assumable FHA and VA mortgage and quantify the value of those mortgages for existing and prospective sellers.
Imagine reaching out to a homeowner and explaining that their FHA/VA mortgage is like having a bucket of gold buried in their front yard – that they can get more than they ever dreamed possible if they sell their home and allow the assumption of their mortgage.
Imagine reaching out to a buyer and explaining that they can afford the home of their dreams simply by assuming a seller’s existing mortgage.
Be a hero to all your buyers, sellers and prospects.
Leads and Scorecards are super affordable. Leads are $1.00 or less and Scorecards are $10.00 or less. Get started now and see which homes (both on and off market) have assumable mortgages and check out the value of the associated FHA and VA mortgages.
Once the buyer and seller have entered into a sale agreement that includes assumption provisions, TransferMortgage provides Concierge Services to get you to the closing table quickly and efficiently.
TransferMortgage™ Concierge Service fees are often more than offset by lower (or no) payments to other providers. We provide complete management (we call it “quarterbacking”) of the mortgage assumption process from the time the agreement of sale is complete to the closing table. This transparency and efficiency are critical for buyers, sellers and agents to make sure they are able to track the assumption process.
TransferMortgage™ Concierge Service fees are often more than offset by lower (or no) payments to other providers. We provide complete management (we call it “quarterbacking”) of the mortgage assumption process from the time the agreement of sale is complete to the closing table. This transparency and efficiency are critical for buyers, sellers and agents to make sure they are able to track the assumption process.
As a side note, TransferMortgage™ knows that sellers may provide concessions to help cover TransferMortgage™ fees – this is entirely at the discretion of the seller and buyer, but certainly something to think about as you help buyers and sellers negotiate.
